In a bid to raise production capacity of various units including India and abroad, Essel Propack is planning to invest Rs 145 crore during FY15. Of total, the company is planning to spend Rs 70 crore to raise production for domestic operations while the remaining Rs 75 crore investments are envisaged for overseas operations.
The company is expanding capacities all around anticipating renewed demand from its existing and new dedicated customers. All the three sectors, the company is present in i.e. beauty & cosmetics, pharma & health and food, have tremendous growth potential which it wants to cash in on through fresh investment.
Further, the company plans to shift focus on oral to non-oral segment to get a topline share 50:50 in the next few years from the existing 58 per cent and 42 per cent respectively in the first quarter ended June 30, 2014.
